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A telephone scam purporting to come from the BBA offering to help people reclaim PPI – for an upfront fee. The scam works like this: potential victims receive a cold call, apparently from the British Bankers’ (or Banking) Association, claiming they are due a repayment of some thousands of pounds in PPI repayments. As the conversation continues, it becomes apparent that the customer has to pay an upfront fee to receive this money.
This is a scam, says Brian Mairs of the BBA. He says: “The British Bankers’ Association does not sell products or services to the public and will never make telephone calls or send emails to members of the public except in reply to their queries.” For more, click here.